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Calastone hits 10,000 trading links

Reporter
— 1 minute read

Global funds transaction network Calastone has announced it now has 10,000 trading links worldwide.

Commenting on the milestone, Calastone chief executive Julien Hammerson said the growing trading network demostrates the growing efficiency of the funds management industry.

"Reaching 10,000 trading links indicates an important shift toward global transaction automation," Mr Hammerson said.

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"Eight years on since Calastone was founded, this is an important milestone, not just for the company, but for the industry as a whole."

The Calastone Transaction Network aims to enable fully automated trading between fund managers and distributors "regardless of technology and geography, making all clients fully interoperable", said a statement by the company.

"As the mutual funds industry grows internationally, the need and willingness to adopt automation becomes greater," said the statement.

"Calastone, in collaboration with the industry, continues to expand into new regions, with the first trades between New Zealand and Australia recently processed."

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Calastone hits 10,000 trading links
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